Microsoft Co. (NASDAQ:MSFT) Shares Sold by GeoWealth Management LLC

GeoWealth Management LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 55,249 shares of the software giant's stock after selling 1,642 shares during the quarter. Microsoft comprises 0.8% of GeoWealth Management LLC's investment portfolio, making the stock its 25th biggest holding. GeoWealth Management LLC's holdings in Microsoft were worth $23,288,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC grew its position in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the period. LSV Asset Management purchased a new stake in Microsoft during the fourth quarter valued at about $44,000. Avondale Wealth Management boosted its position in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after buying an additional 65 shares during the period. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Wells Fargo & Company increased their price objective on Microsoft from $515.00 to $565.00 and gave the stock an "overweight" rating in a report on Friday. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Citigroup increased their price objective on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Evercore ISI set a $515.00 price objective on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $515.68.

Microsoft Stock Down 0.8%

Microsoft stock opened at $474.96 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $3.53 trillion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $480.42. The firm's 50-day simple moving average is $428.05 and its 200 day simple moving average is $418.65.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 EPS. Research analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last quarter. Insiders own 0.03% of the company's stock.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.